Stock Futures Mixed As Retail Sales Fuel Inflation Fears

U.S. equity futures traded mixed amid concerns that strong consumer spending might fuel inflation.

Stronger than expected retail sales, along with profits from major retail companies, signaled that consumer prices are inflating. Sales jumped 1.7% in the month of October.

Level Chg. Chg. %
DOW Futures 36,045.00 -23 -0.06%
S&P 500 Futures 4,696.75 0.25 0.01%
Nasdaq Futures 16,323.50 25.5 0.16%

U.S. Dollar and Treasuries

The yield on the 10-year Treasury fell slightly. The dollar remained stable against a basket of major currencies.

Price Chg. Chg. %
U.S. Dollar Index (DXY): 95.82 -0.1 -0.10%
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Yield Change Previous close
U.S. 1 Year Treasury Bill 0.165% 0.008 0.158%
U.S. 5 Year Treasury Note 1.267% -0.002 1.269%
U.S. 10 Year Treasury Note 1.637% -0.003 1.640%

 

Stocks To Watch

Shares of Tesla bounced back further, recovering some of their losses since Elon Musk tweeted about selling again.

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Target reported strong earnings on Wednesday, a day after Walmart. Earnings per share were up 1.1% to $2.82. Moreover, sales were up 8.6% to $24.58 billion. However, Target’s shares still dropped as investors were concerned about supply chain issues.

Shares of Boeing were up after the company’s executive said they were getting close to resuming deliveries of the 787 Dreamliner.

SYMBOL COMPANY PRICE VOLUME CHG %
TGT Target Corp. $258.32 321.77K
  • -3.03%
TSLA Tesla Inc. $1,075.60 291.94K
  • 1.98%
BA Boeing Co. $229.94 83.84K
  • 1.83%

 

Commodities To Watch

Oil dropped on oversupply concern due to rising COVID cases. Gold was up in premarket trading. 

Resource Price Chg. %
WTI Crude Oil $80.27 -0.61%
Brent Crude Oil $82.01 -0.51%
Natural Gas $5.02 -2.99%
Gold $1,865.20 0.60%
Silver $25.19 0.99%
Copper $4.32 -0.83%

 

Crypto

The global crypto market cap is $2.64T, a 0.18% increase over the last 24 hours. Bitcoin’s dominance is currently 43.40%, a decrease of 0.13% in the same period.

Currency Symbol Price Chg. %
Bitcoin BTC $60,508.17 -0.28%
Etherium ETH $4,238.57 -0.73%
Cardano ADA $1.88 -0.87%
Ripple XRP $1.11 +1.58%
Dogecoin DOGE $0.2353 -0.74%

 

 

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